Long-Term Lease

Long-Term Lease

A lease for longer than one, five or 10 years, depending on the specific asset being leased. For example, commercial property usually has long-term leases for five or more years, while residential property often carries long-term leases for more than one year. A long-term lease locks in the price one pays for the asset, which is usually advantageous because prices often trend upward. However, long-term leases offer little flexibility. For example, one may have to pay significant penalties if one cancels a long-term lease. One humorous example of a long-term lease is the Guinness brewery in Ireland, which Arthur Guinness rented for 9,000 years for 45 pounds per year.
References in periodicals archive ?
The contract is for long-term rental cars to handle the Marshal~s Office of Kujawsko-Pomorskie and the Regional Centre for Social Development in Torun divided into 3 parts 1) Package A - 1 long-term lease of a passenger car to handle the Marshal~s Office of Kujawsko-Pomorskie;2) Package B - 4 long-term lease cars to handle the Marshal~s Office of Kujawsko-Pomorskie;3) Package C - 1 long-term lease of a passenger car to handle the Regional Centre for Social Development in Torun.
It is better if the foreign investors make a long-term lease agreement and invest in Macedonia --said Deputy-Minister for Economy Kristijan Delev
It purchased eight new Boeing 787-9 aircraft for lease to Vietnam Airlines (delivering in 2017 and 2018); purchased one 777-300ER from Macquarie Aviation on long-term lease to Emirates; one incremental Airbus A330-200 on long-term lease to KLM (delivering 2013); one A330-300 on long-term lease to Sichuan Airlines (delivering in 2013); a four-year extension from Sichuan on one A319 on lease from ALC; and one Embraer E-190 leased to LAM (delivering in 2012).
When lenders receive notice the homeowner has entered into a long-term lease for their home, it is their legal obligation to disclose to buyers at trustee sales that a lease encumbers the property.
He said, `They are never going to give you a long-term lease.
IT'S D-Day for Limerick FC today when club chiefs hope to finalise a long-term lease on their Hogan Park home.
The pipeline system has been operated by Alon and its predecessor, Fina, for 20 years under long-term lease arrangements but now reverts to Alon's control.
467(b)(5)essentially provides that these safe harbors will apply only to disqualified leasebacks and long-term lease agreements, and not to leases that fall under the constant rental provisions by reason of a failure to allocate rents in the agreement to the periods covered.
Insurer Signs Long-Term Lease to Remain in New Orleans
Rechler Equity Partners signed two long-term lease relocations and expansions totaling 16,000 s/f for existing tenants at its properties in Bohemia, NY:
PAT Dolan will finally come on board with Limerick once the club gets a long-term lease on their Hogan Park home.

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